CORPORATE

Indian MSMEs Suffering due to Lack of Mentorship

If you ask anyone as to what’s holding back micro, small and medium enterprises (MSMEs) from scaling up and becoming successful large corporations, chances are that almost everyone will blame the lack of adequate funding. Such a response would hardly be surprising. Funding is, after all, a major hurdle. In recent months, many MSMEs have either shut shop or significantly reduced their operations due to lack of funds. But the less spoken and, unarguably, the single major cause for MSMEs not experiencing a break-out growth, even if they are well-funded, is lack of mentorship.